TradingView
ICmarkets
Jan 16, 2019 3:36 AM

USDCHF Approaching Resistance, Potential Reversal Short

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF is approaching its resistance at 0.9887 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing high resistance) where it may reverse down to its support at 0.98375 (100% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal may occur.
More